DAILY EDITION: May 23, 2003 Page 2

May 22, 2003

WORLD REPORT: Mexico

Fiat to Enter Mexican Market

The mystery is officially over. Six months after Fiat showed up in AutoExpo Mexicana for the first time, the automaker has announced that it is coming to the Mexican market, and it’s doing so through GM de Mexico.

Fiat will take advantage of the GM de Mexico infrastructure and will start selling its vehicles in Mexico in the third quarter of this year. The models Fiat chose for the Mexican market are the five-door Palio, Palio sedan and Palio Adventure.

As a result of this announcement, the GM de Mexico distribution channel will be modified. Previously, GM de Mexico had Chevrolet-Pontiac dealerships, while the premium models were sold though Cadillac-Saab retailers. Now GM de México will sell Chevrolet products in dedicated dealerships and Fiat will sell in the same showrooms as Pontiac.

The new dealerships will be called Pontiac-Fiat and soon will start operating in Mexico City, Guadalajara, Monterrey, and Queretaro. The premium distribution channel will remain unchanged, meaning that Cadillac and Saab will sell in the same showrooms. — Francisco Pérez

FROM THE SOURCE headlines from the latest press releases

PRNewswire

For the third year in a row,Toyota Motor Sales (TMS), U.S.A., Inc., has topped the Automotive Market Environmental Superiority (AMES) Awards with eleven winners. Polk Automotive Intelligence, an authority on vehicle environmental performance, announced the AMES awards.

THE TICKER

Name Symbol Last Chg
AUTOLIV ALV 23.84 +0.01
AUTONATION INC AN 13.63 +0.12
ARVINMERITOR ARM 16.13 +0.25
AMER AXLE & MANU AXL 23.61 +0.20
BALLARD PWR SYS BLDP 13.19 -0.14
BORG WARNER BWA 55.85 +0.54
COLLINS AIKMAN CKC 2.88 -0.02
CUMMINS INC CUM 30.90 +1.79
DANA CORP DCN 8.86 +0.28
DAIMLERCHRYSLER DCX 30.73 +0.45
DELPHI CORP DPH 8.14 -0.02
EATON CORP ETN 78.63 +1.42
FORD MOTOR CO F 9.72 +0.05
GENERAL MOTORS GM 33.61 +0.07
GENTEX CORP GNTX 29.09 -0.07
GOODYEAR TIRE GT 6.63 +0.14
HONDA MOTOR CO HMC 17.11 +0.23
JOHNSON CONTROLS JCI 81.13 +0.80
LEAR CORP LEA 39.50 +0.43
MAGNA INTL MGA 65.03 +1.10
MOTOROLA INC MOT 8.44 +0.14
NISSAN MOTORS NSANY 15.14 +0.25
SONIC AUTOMOTIVE SAH 17.80 -0.09
TOWER AUTO TWR 3.48 +0.32
TOYOTA MOTOR TM 45.80 +0.15
UNIT AUTO GRP UAG 17.82 +0.72
VISTEON CORP VC 6.06 -0.01

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